Focused Compounding | Geoff Gannon | Activity https://focusedcompounding.com/members/geoffgannon/activity/ Activity feed for Geoff Gannon. Tue, 31 Mar 2026 01:08:04 -0500 https://buddypress.org/?v= en-US 30 hourly 2 756ba574686a28c006017ac7a71a7d12 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7580 Mon, 01 May 2023 18:34:18 -0500 How Acquisitions Add Value – Or Don’tSomeone emailed me this question: How do you think management should analyze acquisition opportunities? For example, how would you like the […]

]]> 0a133370eadf278f0617cb65427b56cb Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7577 Fri, 07 Apr 2023 00:09:47 -0500 Vitesse Energy (VTS): A 10% Dividend Yield and Discount to “PV-10” Make this Spin-Off a Cheap Speculation on OilVitesse Energy (VTS) is a recent spin-off from Jefferies (JEF). The stock was spun-off in January. Vitesse is made up entirely of non-operating […]

]]> b0413b70a91d638366a672da8314983f Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7561 Fri, 09 Dec 2022 23:44:25 -0600 One topic Andrew and I don’t discuss much on the podcast are the books we’re reading. Despite that, some podcast listeners email me with requests for book recommendations. Since my interests are probably dif […]

]]> c36f3cf2637f3ba7393eb564ab6434d3 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7559 Fri, 09 Dec 2022 17:46:48 -0600 In our most recent podcast, Andrew and I talked about Bob Iger’s return as CEO of Disney (DIS). If you’d like to know more about Disney – the company and the stock – as it currently exists, I recommend subscri […]

]]> 8b0de5827674dab6f4ede3482800f21c Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7557 Fri, 09 Dec 2022 17:17:19 -0600 Alico (ALCO) failed to file its financial results on time. The company was scheduled to report its full-year results on December 6th. Instead, it put out this explanation:

“…the Company and its independent pub […]

]]> 6403467378bbf1319312268ee2c446d4 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7544 Thu, 06 Oct 2022 21:05:37 -0500 Someone emailed me this question:

I have the following quote from the article How Much is Too Much to Pay for a Great Business, “For example, let’s say I buy a stock with a 15% free cash flow yield and 3% gro […]

]]> 7493052a0a902b1c3c509b481d994d02 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7542 Thu, 06 Oct 2022 18:45:15 -0500 Vertu Motors (“VTU” in London) reported its interim results. As a U.K. stock, the company reports results twice a year. This is their half-year report.

Accounts I manage hold shares of Vertu Mot […]

]]> 0c3b5464798de2c277ba48f27009266f Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7139 Tue, 21 Jun 2022 10:01:22 -0500 Warren Buffett’s “Market Value Test” – And How to Use ItSomeone who listens to the podcast wrote in with this question: “…(in a recent episode) you mention that you want to know if the capital all […]

]]> 2a38f6322c587d68ab16a1200d3b7f12 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7134 Mon, 16 May 2022 10:51:38 -0500 On the day of this year’s Berkshire Hathaway annual shareholder meeting, Andrew and I were in Omaha at a Willow Oak event. Willow Oak is the company that provides a lot of the administrative support functions f […]

]]> 6e8ef2a554ccd64cfe24dac0d116127f Geoff Gannon wrote a new post https://focusedcompounding.com/?p=6958 Sun, 22 Aug 2021 13:34:09 -0500 From time-to-time, I research a company where I think I’ll do a write-up of the stock and then discover it isn’t as interesting a situation as what I first thought. That’s the case here. Kingstone (KINS) seeme […]

]]> b3df082ec041709abf0f310f9964ec7c Geoff Gannon wrote a new post https://focusedcompounding.com/?p=6942 Thu, 03 Jun 2021 16:49:30 -0500 Over the last 10 years or so, Jewett-Cameron (JCTCF) has roughly quintupled its stock price while the company’s total revenue has remained basically the same.

There are some interesting signs here. But, I h […]

]]> cd73140918a35b8713122d4e02ecdb81 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=6929 Sun, 21 Mar 2021 13:10:30 -0500 This is a stock I talked about on a podcast with Andrew. It looked cheap based on the simple ratios you might use to decide if something’s a value stock. And the business of writing homeowner’s (and ren […]

]]> a5234427c8f50ecb82097f365da963dc Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5412 Sun, 14 Feb 2021 18:14:15 -0600 Silvercrest Asset Management (SAMG) is an investment manager. It looks cheap if you expect it – as has been the case in the past – to do a good job of keeping its clients and keeping those clients keeping abo […]

]]> 4e23b0cc7537f32e942392d97d66916b Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5407 Thu, 11 Feb 2021 21:48:35 -0600 This stock was brought to me by Andrew. He wanted to know more about the title insurance industry. ITIC is a publicly traded (it trades on NASDAQ) regional title insurer. There are four large, national title […]

]]> af77b77a899fc683a287dd73edc87089 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5391 Sun, 07 Feb 2021 13:50:00 -0600 Alico (ALCO) is a landowner in Florida. The company is – or is quickly becoming – basically just an owner of citrus groves that produce oranges for use in Tropicana orange juice. The majority of the land Alico own […]

]]> 0d2f02f26f6809e69d5d4b2cec9e3eae Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4837 Thu, 19 Nov 2020 20:19:11 -0600 I’m revisiting Marcus (MCS) with an attempt to appraise the hotel side of the business. Andrew sent me some articles discussing property tax appraisal of Milwaukee hotels (including those owned by Marcus). I l […]

]]> 36e14c3d153d1fc675e9d84b1ac86bcb Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4835 Fri, 13 Nov 2020 15:47:01 -0600 Marcus (MCS) is not an overlooked stock. Despite having a market cap of around $300 million – the level usually defined as the cut-off between a “micro cap” and a “small cap” stock – well over $10 million wor […]

]]> 61f299b9ba26055f8116a2dccb87b624 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4818 Fri, 23 Oct 2020 22:36:22 -0500 I’m writing again about Hingham (HIFS), because someone asked me this question:

 

I was wondering how long it would take Geoff to talk about Hingham savings, seems to tick all his boxes – very low cost of fu […]

]]> d68063c5e543a3477724c1686a119f0b Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4814 Sat, 17 Oct 2020 13:58:11 -0500 This is the one “higher quality, more expensive” bank I mentioned in the podcast Andrew and I did where we talked about like eight or so different U.S. banks. Hingham’s price-to-book (1.7x) is very high compa […]

]]> 02b91460107b042037ba56cbe3bfa3d7 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4806 Sun, 27 Sep 2020 21:16:04 -0500 This is a simple situation. But, you’ll want some background info before reading my take on it.

Information you might find useful about this one can be found at:

Clark Street Value

Hidden V […]

]]> 4038c0c14cdfefdbf606d743272bdd89 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4800 Mon, 14 Sep 2020 15:37:02 -0500 Flanigan’s (BDL) is a nano-cap full service restaurant and discount liquor store company. All of its locations are in Florida. And all but one of the locations are in South Florida. The company’s ticker – “BDL” […]

]]> 79bed1260e451a507ea1b53a2b89010d Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4791 Fri, 07 Aug 2020 05:02:07 -0500 This is a follow-up article on Libsyn (LSYN). In my initial interest post on the company I talked a little about the fact that company’s CEO was named in an SEC complaint. That complaint was directed at the f […]

]]> 7b087fd39300d1682af4b0078f28a129 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4787 Tue, 04 Aug 2020 03:22:10 -0500 This is a complicated one. So, I’m going to do my best to boil it down to the things that really matter. That’s a judgment call. And it means I may be focusing on the wrong things. I may not be telling you eno […]

]]> 949388ad309172a81f5e13a4ec3fbe5c Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4785 Thu, 30 Jul 2020 19:58:30 -0500 I’ll be doing write-ups on Focused Compounding more frequently now. This means that the quality of the ideas will be lower. Previously, I’d tried to focus on writing up just stocks that looked interesting eno […]

]]> d3c6a6bf95a2ed5f19a212a67acc8bdd Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4762 Wed, 17 Jun 2020 14:35:04 -0500 This might turn out to be a shorter initial interest write-up than some, because there isn’t as much to talk about with this company. It’s pretty simple. The company is BAB (BABB). The “BAB” stands for Big Apple B […]

]]> 482899e74bfb0f88718066a82ff5a2a7 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4753 Mon, 08 Jun 2020 05:12:49 -0500 I mentioned this stock on a recent podcast. This is more of an initial interest post than usual. It’s likely I’ll follow this post up with one that goes into more detail. Two things I don’t analyze in this write […]

]]> d2aa3793ce538e543ba3b2a214801f05 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4739 Sat, 25 Apr 2020 02:17:20 -0500 Otis Worldwide (OTIS) is the world’s biggest elevator and escalator company. Like Carrier (CARR) – which I wrote up two days ago – it was spun-off from United Technologies. However, shareholders of United Techn […]

]]> 8be774b8b33c853f845eb73bbf3e43d8 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4737 Wed, 22 Apr 2020 15:37:44 -0500 Carrier (CARR) is a recent spin-off from United Technologies. The company has leading brands in Heating, Ventilation, and Air Conditioning (HVAC), fire & safety, and refrigeration. The best known brand is the […]

]]> 5f68b55836245abb57c319976088222b Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4730 Mon, 20 Apr 2020 12:22:46 -0500 Mills Music Trust (MMTRS) is an illiquid, over-the-counter stock. In fact, it’s not a stock at all. The security traded is a “trust certificate” that entitles the holder to quarterly distributions from the trust […]

]]> 8479329500f389da7cbf96b94270e077 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4705 Mon, 13 Apr 2020 08:16:02 -0500 Interpublic (IPG) is one of the big ad agency holding companies around the world. Other examples include Omnicom (also a U.S. company), WPP (a U.K. company), Publicis (a French company), and Dentsu (a Japanese […]

]]> 3c7d54ec30fdad9e13aaf9b3c3607762 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4700 Fri, 10 Apr 2020 11:42:00 -0500 Miller Industries (MLR) has a lot of things to like about it. But, the timing of buying this stock now definitely isn’t one of them. Miller is in a very cyclical, highly durable capital good industry – it pro […]

]]> 178aaa4451a837ad21aca4b7dca6d0e1 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4688 Wed, 08 Apr 2020 05:08:42 -0500 Middleby (MIDD) is a stock I was excited to write-up, because it’s rarely been cheap. I’ve seen 10-year financial type data on the company. I’ve seen it show up on screens. And now the government response to coron […]

]]> 2a937c66c32b4213dda4f5a67530032e Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4678 Mon, 06 Apr 2020 05:53:27 -0500 Hamilton Beach Brands (HBB) looks like a cheap stock. As I write this, the stock is trading at $8.71 a share. The company – or, at least the continuing part of the company now that Kitchen Collection is gone – ear […]

]]> f14d4d126a8c2f046131c3f52b0cb0ce Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4668 Fri, 03 Apr 2020 05:01:12 -0500 Hanesbrands (HBI) has gotten very cheap lately. In fact, the stock is back at prices that are pretty close to where it was spun-off from Sara Lee back in 2006. I talked a little about the stock back then. It was a […]

]]> 0514d74d0c96da5ef7faea70ed31b9d8 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4656 Wed, 01 Apr 2020 10:33:22 -0500 Bunzl (BNZL) is a business I’ve known about for a long time. However, it’s not a stock I’ve thought I’d get the chance to write about. The stock is not overlooked. And it rarely gets cheap. EV/EBITDA is usually […]

]]> 07913fc7d621ed59f65a509c092d7e40 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4631 Thu, 27 Feb 2020 21:23:39 -0600 Andrew and I just did a podcast about volatility. And, of course, when we say “volatility” I want to remind everyone that’s a codeword for “downside volatility”. Nobody minds upside volatility. There are basically […]

]]> 0a109ba9e6160db2d7ad103134c19db5 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4582 Mon, 24 Feb 2020 21:06:53 -0600 The “Element of Compound Interest”: When Retaining Earnings is the Key to Compounding and When it Isn’tIn my first two articles about Warren Buffett’s letter to Berkshire Hathaway shareholders, I talked about Berkshire’s year-by-year results as a sto […]

]]> 3ee2731f2f7c348d88d24137c958aaa8 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4576 Sun, 23 Feb 2020 06:01:02 -0600 In my first article about Warren Buffett’s annual letter to Berkshire Hathaway shareholders, I talked about how difficult it would’ve been to hold Berkshire stock during all the years when it rose so much so fas […]

]]> 3919d3e965b8782b80c51eaf90f8d247 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4574 Sat, 22 Feb 2020 20:21:04 -0600 Ask Yourself: In What Year Would You Have Hopped Off the Warren Buffett Compounding Train?Warren Buffett’s annual letter to Berkshire Hathaway shareholders was released today. It starts – as always – with the table comparing the annua […]

]]> 45ad2f6c918663e0223d65729ad1a945 Geoff Gannon commented on the post, Ark Restaurants: Lots Of Hidden Value + Low Liquidity + No Near-Term Catalyst = Excellent Opportunity For Patient Investors https://focusedcompounding.com/ark-restaurants-lots-of-hidden-value-low-liquidity-no-near-term-catalyst-excellent-opportunity-for-patient-investors/#comment-397 Sat, 22 Feb 2020 01:09:40 -0600 Thanks for the write-up.

There is a long out of date – as you said, the company’s approach to how it buys restaurants has changed – Singular Diligence issue on ARKR in the archives:

]]> 90b277d291a9273a41c95dd96a6c716c Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4572 Fri, 21 Feb 2020 00:18:07 -0600 Gainsco (GANS) is a dark stock. It does not file with the SEC. However, it does provide both statutory (Gainsco is an insurer) and GAAP financial reports on its website. These reports go back to 2012 (so, covering […]

]]> 9de2c46c6a9b871eb1d834de13ec3068 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4549 Wed, 05 Feb 2020 15:55:25 -0600 Transcat is an interesting stock for me to write-up, because I probably have a bias here. Quan and I considered this stock – and researched it quite a bit – several years back. We were going to write it up for a m […]

]]> e07fb5ba28d91db3e5f8815e51bf30c3 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4539 Sun, 26 Jan 2020 19:01:35 -0600 Hilton Food Group (HFG) trades on the London Stock Exchange. It qualifies as an “overlooked stock” because it has low share turnover (17% per year) and a low beta (0.28) despite having a pretty high market cap (gr […]

]]> 73225b91d01d60dda67770a84f49e850 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4491 Thu, 02 Jan 2020 20:00:27 -0600 Someone asked me my thoughts on Cheesecake Factory. It’s a stock we’ve looked at before. But, I have written about it recently. The stock hasn’t done well lately. It looks fairly cheap. Here was my answer:

“I […]

]]> d39271bfba7741b36def3caf40fa4786 Geoff Gannon commented on the post, Points International (PCOM): A 10%+ Growth Business That’s 100% Funded by the Float from Simultaneously Buying and Selling Airline Miles https://focusedcompounding.com/points-international-pcom-a-10-growth-business-thats-100-funded-by-the-float-from-simultaneously-buying-and-selling-airline-miles/#comment-387 Sat, 21 Dec 2019 20:09:51 -0600 This is the other question everyone asks.

And, again, I kind of disagree with other people’s feeling this one. I’ve looked at the numbers and it just doesn’t make sense to me. At least as of now (sure, maybe […]

]]> 004ae8cc60d0fd1a8eefe566e45d7f96 Geoff Gannon commented on the post, Points International (PCOM): A 10%+ Growth Business That’s 100% Funded by the Float from Simultaneously Buying and Selling Airline Miles https://focusedcompounding.com/points-international-pcom-a-10-growth-business-thats-100-funded-by-the-float-from-simultaneously-buying-and-selling-airline-miles/#comment-386 Sat, 21 Dec 2019 19:31:37 -0600 Andre,
Thanks for the question. Sorry I didn’t respond sooner. This is the question everyone who looks at Points seems to ask. But, I think the reason it gets asked is because Points doesn’t explain their bus […]

]]> 1d4723992efa7bb0bf4d8edeaa649107 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4460 Sat, 14 Dec 2019 19:02:11 -0600 by PHILIP HUTCHINSON
Overview

Truxton is a small, fast growing private bank with extremely low net non interest expenses due to its wealth management business and very high level of deposits per […]

]]> a04d78cab2126955feac4d6a60a040d3 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4457 Sat, 14 Dec 2019 15:50:35 -0600 Canterbury Park (CPHC) is a sum of the parts stock.

After our experiences – and when I say “our”, I mean my decisions to buy – Maui Land & Pineapple, Keweenaw Land Association, and Nekkar – Andrew has a sticky […]

]]> a3bb699fdfb2b20308dd55cddb6ade0e Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4454 Sat, 07 Dec 2019 18:23:20 -0600 Stella-Jones mainly provides large customers with pressure treated wood under contractually decided terms. The customers are mainly: U.S. and Canadian railroads, U.S. and Canadian electric companies, U.S. and […]

]]> 7f5f55f73256738ad5232b6b930a95a4 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4446 Thu, 05 Dec 2019 19:16:21 -0600 Points International (PCOM) is a stock Andrew brought to me a couple weeks ago. It always looked like a potentially interesting stock – I’ll discuss why when I get to management’s guidance for what it hopes to ac […]

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